1. SCM (Supply Chain Management)
  2. Item Record Management
  3. Advanced Pricing
  4. Setting Up Price Levels in Advanced Pricing

Setting Up Price Levels in Advanced Pricing

When you use the Advanced Pricing feature, you can create different price levels for selection on the sales order. Setting up multiple price levels gives you more flexibility to set different prices for different customers. It also improves performance significantly when you have a large number of items.

For example, you want to sell items to some customers at retail prices, but offer discount prices to other customers. Set up multiple price levels to sell items at a retail price, or give discounts of 5%, 10%, or 15% off retail pricing.

To create a price level in Advanced Pricing:

  1. Make sure Advanced Pricing is enabled (see Enabling Advanced Pricing).

  2. Go to Lists > Pricing > Price Levels > New (Administrator).

  3. In the Price Level Name field, enter a name (up to 250 characters).

  4. In the Pricing Method field, select either Cost+ or Markup/Discount.

    • Cost+ - Price includes the price the merchant pays for the item plus any other costs incurred by them as a reseller (the break-even price).

    • Markup/Discount - You can enter a positive or negative percentage to mark up or discount prices for this price level.

  5. For a Pricing Method of Cost+, in the Based On field, select either Cost for Pricing or Average Cost.

    • Cost for Pricing - Enables a pricing manager to manually determine a cost amount that's appropriate for the item. Select this option for items that don't have a traditional inventory costing method. You can also select this option to create a stable basis for cost plus pricing on items that have volatile purchase pricing.

    • Average Cost - The price level uses the value from the Average Cost field of an inventory item as a basis for cost plus pricing.

  6. In the Percentage field, enter a positive number for a markup percentage or a negative number for a discount percentage.

    Note:

    Any value you enter gets rounded to the nearest 0.01%.

  7. To update all items using this price level, check the Update Prices for Items Using This Price Level box.

    When you create a new item record with this price level, the item price updates automatically.

    Note:

    When using quantity pricing on an item record and a Cost+ price level, the system checks for a quantity price schedule. If there is no applicable quantity price schedule on the item, NetSuite will copy the quantity 0 price to all other quantity breaks by default.

  8. (Optional) To make this your online price level, check the Online Price Level box.

  9. (Optional) If you're not ready to make this price level available for selection, check the Inactive box.

    After a record is marked inactive, it won't show up in NetSuite lists and popup windows.

    Tip:

    You can still see inactive records on list pages by checking the Show All box.

  10. Click Save.

Related Topics

General Notices